DITO CME Director Cherylyn C. Uy DITO CME Holdings Corp. announced the replacement of a board director and its treasurer, Cherylyn C. Uy, the spouse of founder and Davao tycoon Dennis A. Uy, to make room for representatives of its new controlling shareholder, Singaporean Summit Telco Corp. Pte....
Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation has decided to postpone indefinitely its planned P4.2 billion follow-on-offering (FOO) originally scheduled from September 26 to October 2, 2024. In a letter to the Philippine Stock Exchange, the firm said that, “upon careful...
The Securities and Exchange Commission (SEC) has approved the planned follow-on offering of Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation of shares worth up to P4.2 billion. In its meeting on August 15, the Commission En Banc resolved to render effective DITO’s registration...
Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation has raised P2.24 billion through the issuance of shares of a subsidiary to a firm established in the Cayman Islands. In a disclosure to the Philippine Stock Exchange (PSE), DITO CME said its subsidiary DITO Holdings Corporation has issued...
Davao tycoon Dennis A. Uy’s telecommunications unit Dito CME Holdings Corporation has sold P2.2 billion worth of its new unlisted shares equivalent to 13.55 percent of its expanded capital, but did not reveal the identity of the buyers. In two disclosures to the Philippine Stock Exchange, Dito...
The Philippine Stock Exchange has lifted the trading halt imposed on the shares of DITO CME Holdings Corporation after the firm provided additional information in relation to the deferment of its P8-billion stock rights offering. “In view of the foregoing, trading of DITO shares will resume on...
DITO Telecommunity claimed it remained a viable and sustainable business despite its majority shareholder, DITO Communications Media and Entertainment (DCME) deferment of an P8-billion stock rights offering (SRO) to fund the telco's expansion. DITO Telecommunity Chief Administrative Officer, Atty....
The Philippine Stock Exchange has halted the trading of DITO CME Holdings Corporation, the Udenna Group’s media, communications, entertainment and information technology (“IT”) subsidiary, pending the submission of a full and comprehensive disclosure on its unilateral move to defer its...
Blaming market conditions, DITO CME Holdings Corporation has formally informed the Philippine Stock Exchange that it is deferring its P8 billion stock rights offering but the bourse said it has yet to approve the deferment. “The Exchange was notified by DITO CME Holdings Corp. that its...
